EUR

Eelman, that was not a short squeeze. You will know if that happens. ;)

In the last week or more, I've been happily shorting every rally in EUR/JPY, and although sometimes I had to wait a long time, every one of them eventually came good, some of them for big pips.
However, all-time lows (or longish-time lows anyway) are out of my comfort zone, and since we got into this territory, I haven't been taking the risk, preferring to wait for the next big rally. I may be wrong of course ... :-)

Yes, GBP _must_ be in a bad way ... look how well the Euro has been doing against it in the last few days....more so than against the USD I would say. Personally I'm happy to see the rallies in EUR/USD, which I am happily shorting. I still have 1.32 in my sights, or at least back to 1.34 again.


@AVG: Why is USD losing its momentum? (Well, not against the GBP it isn't, not really). Well, as others have said, it is probably people re-discovering risk appetite (or people being encouraged by the pundits to re-discover it Personally I think we are looking at a stock-market crash, or at least a bear market. It is only a question of when. But that's just my personal opinion. That should be USD-positive, but it might also end up being gold-positive as well. (Just another opinion).

It gains because it fell several weeks in a row. No fresh sellers as it looks like. ;) This could lead to some kind of a short squeeze till the big guys step in again. I think they want to go for some stops. I still stick to my target of 1.38-40 within the next days before the next down move starts.

pipster, its going well. account for feb is 6% up so far. the only problem is its a very very very very very small account, so 6% is good for a few pizzas and big macs :)

i hope to capitalise the account more in the coming months.

i use a trend trading system and ever since I came across Ashraf, the marriage of the two has been great.

i am a little nervous about my gold shorts but as long as i exit them at the right time its alright.

no worries Xaron. dont worry, the GBP is absolutely sh*t, and i can say that as a Brit. as long as a currency keeps making me money, i dont really care.